Question

Recently BRICS group of emerging economies have
agreed to set up a $100 billion foreign currency pool to
be called as a contingent Reserve arrangement :
(1) To Counter terrorism which is an impediment to
growth of these countries
(2) To counter the impact of pull – out by foreign investors
when the US federal Reserve started tapering
quantitative easing programme
(3) To meet the fund requirements of BRICS countries
(4) To eradicate poverties in BRICS countries

Answer 1

To eradicate ppverties in brics countries .